Varma Mutual Pension Insurance Co Grows Stock Position in Autodesk, Inc. $ADSK

Varma Mutual Pension Insurance Co increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,095 shares of the software company’s stock after acquiring an additional 3,800 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Autodesk were worth $15,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proffitt & Goodson Inc. purchased a new stake in shares of Autodesk during the third quarter valued at approximately $27,000. Access Investment Management LLC bought a new stake in Autodesk during the 2nd quarter valued at $28,000. Heartwood Wealth Advisors LLC purchased a new stake in Autodesk during the 3rd quarter valued at $28,000. Tripletail Wealth Management LLC bought a new stake in Autodesk in the 3rd quarter worth $29,000. Finally, Financial Consulate Inc. purchased a new position in shares of Autodesk in the third quarter valued at about $32,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 3.9%

Shares of Autodesk stock opened at $223.49 on Friday. Autodesk, Inc. has a 1 year low of $216.01 and a 1 year high of $329.09. The firm has a market cap of $47.38 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 1.62 and a beta of 1.45. The company has a 50-day moving average of $276.45 and a 200 day moving average of $295.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $2.17 earnings per share. The business’s revenue was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of analyst reports. The Goldman Sachs Group increased their target price on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. BTIG Research assumed coverage on Autodesk in a report on Tuesday, December 16th. They issued a “buy” rating and a $365.00 price objective for the company. Bank of America boosted their target price on Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Rothschild & Co Redburn set a $375.00 target price on Autodesk in a report on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $367.61.

Autodesk Company Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.